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Global stocks, oil edge higher on trade hopes Updated: 2019-11-06 05:40:11 KST

The U.S. dollar and crude prices rose on Tuesday, spurred by continuing optimism a U.S.-China trade deal may be near, while a rally in global equity markets edged higher after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
At closing bell, the Dow Jones Industrial Average rose point-3 percent to 27,534; the S&P 500 closed nearly flat and the Nasdaq Composite added point-1 percent.
On the Korean bourse, shares extended their gains to a fourth day to close at a six-month high Tuesday.
The benchmark KOSPI rose six-tenths of a percent to close at 21-43 while the the tech-heavy KOSDAQ advanced more than one-half a percent.
Oil prices rose more than 1-percent on hopes of a trade deal and on OPEC Secretary-General Mohammad Barkindo's remarks that the oil market outlook for 2020 may be brighter than previously forecast.
Brent crude settled 78 cents higher at 62-dollars and 91 cents a barrel while U.S. West Texas Intermediate rose 60 cents to settle at 57-14 a barrel.
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